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Est. Mortgage: $/month

Federal 30-year interest rate: 6.65% last updated on 2026-08-20

This product uses the FRED® API but is not endorsed or certified by the Federal Reserve Bank of St. Louis.

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288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970288-292 Washington & 5 Porter Street Court Salem MA 01970
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  • 27Bedrooms
  • 19Bathrooms
  • 24,126Square Feet
Salem, MA multifamily portfolio: 19 units spanning three buildings at 288-292 Washington Street and 5 Porter Street Court. The package features a balanced mix of twelve (12) one-bedroom units, six (6) two-bedroom units, and one (1) three-bedroom unit. Owner provides heat and hot water to tenants. The 5 Porter St Ct property includes approximately 6-8 off-street parking spaces for added tenant convenience. In-place rents are below current market levels, presenting a clear value-add opportunity to align rents with market and further stabilize operations over time. Set near Downtown Salem, the properties offer immediate access to a thriving year-round market-walkable to restaurants, retail, the waterfront, museums, and the MBTA for easy Boston access. Strong demand drivers and in-town convenience support stable occupancy and long-term rent growth.
Listed by Francesca Little of Little & Co.,REALTORS®

Listing Sold by Little & Co., REALTORS®

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More Info

Basic Information

  • Contingency Pending P&S
  • Gross Income $412,800
  • Lot Features Other
  • Mls StatusSold
  • Rent Includes Unit 1(Heat, Hot Water), Unit 2(Heat, Hot Water)

Location

  • Address288-292 Washington & 5 Porter Street Court
  • Building Number288-292
  • CountyEssex
  • StateMA
  • StreetWashington & 5 Porter Street Court
  • TownSalem
  • Zip01970

Interior

  • Flooring Wood
  • Interior Features Living Room, Dining Room, Kitchen

Property Information

  • Building Area Source Public Records
  • Living Area 24,126
  • Lot Size Square Feet 11,326
  • Lot Size Units Acres
  • Square Feet24,126

Tax Information

  • Tax Assessed Value $3,742,700
  • Tax Year 2024
  • Taxes$38,616

Basic Information

  • GO-List Price$4,500,000
  • MLS Number73452143
  • Modification Date02/03/2026
  • Property SubType5+ Family - 5+ Units Up/Down
  • Purchase Contract Date12/08/2025
  • Sale Date02/03/2026
  • Sale Price$4,200,000

Property

  • Acreage0.26

Exterior

  • RoofRubber

Utilities

  • Electric 200+ Amp Service
  • Electric Expense 1721
  • Heat SystemYes
  • Heating Oil
  • Sewer Public Sewer
  • Water Source Public

Other

  • Date Listed11/06/2025
  • Farm Land Area Units Square Feet

Parking

  • Parking Features Off Street
  • Parking Spaces8

Rooms

  • Bathroom19
  • Bathrooms Total Decimal 19
  • Bedrooms27
  • Full Bath19

Building

  • Building Area Units Square Feet
  • Construction Materials Brick
  • FoundationStone
  • Levels 4
  • Rooms65
  • Stories4
  • Units19
  • Utilities For Gas Range, For Electric Range
  • Year Built1915
  • Year Built Details Approximate
  • Year Built Source Public Records

Amenities

  • AmenitiesPublic Transportation, Park, T-Station

The property listing data and information, or the Images, set forth herein were provided to MLS Property Information Network, Inc. (MLSPIN) from third party sources, including sellers, lessors and public records, and were compiled by MLSPIN. The property listing data and information, and the Images, are for the personal, non-commercial use of consumers having a good faith interest in purchasing or leasing listed properties of the type displayed to them and may not be used for any purpose other than to identify prospective properties which such consumers may have a good faith interest in purchasing or leasing. MLSPIN and its subscribers disclaim any and all representations and warranties as to the accuracy of the property listing data and information, or as to the accuracy of any of the Images, set forth herein.

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